Here's How Long It Will Take to Get a Mortgage. Youâre scrolling the online listings, looking for houses, when â boom â the love of your real estate life pops out from the page. Youâve found the perfect home, with the best imaginable location, layout, size, finishes, and price.
A. As the property is a commercial property and the vendor is registered for GST the sale of the property to you will be a taxable supply.In that case, GST will be either nothing or charged at 12.5 per cent.ou could claim a GST deduction on the purchase price of an untenanted commercial property if you acquired it for the principal purpose of making taxable supplies and registered for GST.
How much can an applicant get back from the property tax refund program? The maximum refund that a renter can receive through the regular property tax refund program is $1,250. A homestead owner can receive a regular property tax refund up to a maximum amount of $1,530. The size of this refund depends upon the applicantâs total household income, number of dependents, and how much property tax is paid by the homestead owner or deemed paid in rent by the renter. With regards to the special property tax refund, the reimbursement to a homestead owner is 60 percent of the qualifying property tax increase up to a maximum amount of $1,000.